LSL Property Services PLC Director/PDMR Shareholding
10 Mai 2024 - 2:24PM
RNS Regulatory News
RNS Number : 0268O
LSL Property Services PLC
10 May 2024
LSL Property Services plc
(LSL)
Notification of Transactions of
Directors, Persons Discharging Managerial Responsibility (PDMRs) or
Connected Persons.
In accordance with DTR 3, LSL was notified on
8th May 2024 that David Stewart (Group Chief Executive
Officer) and Adam Castleton (Group Chief Financial Officer) each
acquired 0.2p ordinary shares in LSL on 8th May 2024,
following the exercise of options received in 2021 pursuant to
LSL's Long Term Incentive Plan (LTIP). The details of the exercises
are set out in the table below.
2021 LTIP:
The 2021 LTIP grants were by way of
nil-cost options in respect of ordinary shares of 0.2p and were
subject to performance conditions. These options became exercisable
on 7th May 2024.
David and Adam have exercised their
2021 LTIP options and as part of this they have elected to sell a
proportion of the vested shares to account for tax and NI arising
on the vesting of the LTIP awards, whilst retaining the rest of the
shares. The actual number of shares sold on behalf of David
and Adam is set out in the table below. The shares acquired
by David and Adam under the 2021 LTIP are subject to a two-year
post-vesting holding period in accordance with LSL's remuneration
policy.
Following these exercises, David and Adam's
total shareholding in LSL is set out in the table below.
Details of
Director or PDMR
|
Number of
shares acquired
|
Number of
shares sold1
|
Total number
of shares following transaction(s) (including shares held in LSL's
SIP) as at 8th May 2024
|
David Stewart, Group Chief Executive
Officer
|
LTIP 2021: 31,238
|
14,727
|
95,180
|
Adam Castleton, Group Chief Financial
Officer
|
LTIP 2021: 21,077
|
9,936
|
141,591
|
1 Shares sold to account for tax and NI.
Notification and public disclosure of
transactions by persons discharging managerial responsibilities and
persons closely associated with them
1
|
Details of the
person discharging managerial responsibilities/ person closely
associated
|
|
a)
|
Name
|
David Stewart
|
2
|
Reason for
notification
|
|
a)
|
Position/Status
|
Group Chief Executive Officer
|
b)
|
Initial notification/Amendment
|
Initial notification
|
3
|
Details of the
issuer, emission allowance market participation, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
LSL Property Services plc
|
b)
|
LEI
|
213800T4VM5VR3C7S706
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted.
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Ordinary shares of 0.2p each in LSL Property
Services plc
GB00B1G5HX72
|
b)
|
Nature of transaction
|
Shares acquired by exercising nil-cost options
received pursuant to LSL Property Services plc's 2021
LTIP.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
31,238
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
Not applicable
|
e)
|
Date of the transaction
|
8th May 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted.
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Ordinary shares of 0.2p each in LSL Property
Services plc
GB00B1G5HX72
|
b)
|
Nature of transaction
|
Immediate sale of ordinary shares to cover tax
and national insurance liabilities following exercise of nil-cost
options under the 2021 LTIP.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£2.97
|
14,727
|
|
d)
|
Aggregated information
-
Aggregated volume
Price
|
Not applicable
|
e)
|
Date of the transaction
|
8th May 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|
Notification and public disclosure of
transactions by persons discharging managerial responsibilities and
persons closely associated with them
1
|
Details of the
person discharging managerial responsibilities/ person closely
associated
|
|
a)
|
Name
|
Adam Castleton
|
2
|
Reason for
notification
|
|
a)
|
Position/Status
|
Group Chief Financial Officer
|
b)
|
Initial notification/Amendment
|
Initial notification
|
3
|
Details of the
issuer, emission allowance market participation, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
LSL Property Services plc
|
b)
|
LEI
|
213800T4VM5VR3C7S706
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted.
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Ordinary shares of 0.2p each in LSL Property
Services plc
GB00B1G5HX72
|
b)
|
Nature of transaction
|
Shares acquired by exercising nil-cost options
received pursuant to LSL Property Services plc's 2021
LTIP.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
21,077
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
Not applicable
|
e)
|
Date of the transaction
|
8th May 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted.
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Ordinary shares of 0.2p each in LSL Property
Services plc
GB00B1G5HX72
|
b)
|
Nature of transaction
|
Immediate sale of ordinary shares to cover tax
and national insurance liabilities following exercise of nil-cost
options under the 2021 LTIP.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£2.97
|
9,936
|
|
d)
|
Aggregated information
-
Aggregated volume
Price
|
Not applicable
|
e)
|
Date of the transaction
|
8th May 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|
For further information, please
contact:
Sapna B FitzGerald, Company
Secretary
investorrelations@lslps.co.uk
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